Oct WPI inflation hits five-month high of 12.54% on higher input costs

The wholesale price inflation rate jumped to a five-month high of 12.54 per cent in October, a festival period, against 10.66 per cent in September as the rate of price rise in raw materials showed an upswing.

As demand is recovering, industry is likely to pass on the higher costs to consumers and this may affect retail price inflation, experts said.

The widely tracked non-food, non-oil inflation rate, called core inflation in technical jargon, rose to a fresh all-time high of 11.9 per cent in October. The retail inflation rate also rose in October, but the acceleration was marginal — to 4.48